Tullow Oil & Kenya

Thursday, Aug 05 2010 by
8

Tullow is farming in to Centric Energy's block around Lake Turkana in northern Kenya.

"Centric Energy is very pleased to have the opportunity to work with Tullow Oil on the exploration of Block 10BA," said Alec Robinson, President & CEO of Centric Energy. "Tullow's success and expertise in a similar geological setting in Uganda will ensure that Block 10BA is explored using the most modern exploration technology and in accordance with recognized international environmental standards and principles. Centric Energy intends to participate fully with Tullow in the exploration program."

Block 10BA is strategically located within the East African Rift System which is enjoying increasing exploration interest and significant recent success, most notably in the Albertine rift in Uganda, 660 km to the west, which is considered to be the closest geological analog to the Tertiary basins underlying Block 10BA (source: Gustavson Associates, "Resource Evaluation Report, Centric Energy Corporation, Kenya Block 10BA").

 

Tullow will be reimbursing 50 percent of Centric Energy's acquisition costs, which total approximately $750,000, and will pay 80% of the first US$30 million of expenditures under the
PSC.

As if they don't have enough to do!

db


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Tullow Oil plc (Tullow) is an United Kingdom -based company engaged in oil and gas exploration, development and production and the sale of hydrocarbons and related activities. It operates in three geographical segments: Europe, South America and Asia; West and North Africa and South and East Africa. The Company has interests in over 100 production and exploration licences in 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America. On February 21, 2012, the Company completed the farm-down of two thirds of its Uganda interests to Total and CNOOC.As of December 31, 2012, the Company acquired an acreage positions in Kenya and Ethiopia with the first well in Kenya making an important discovery at Ngamia-1. In January 2013, it acquired Spring Energy Norway AS exploration portfolio. more »

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6 Posts on this Thread show/hide all

fuiseog 1st Apr '11 1 of 6

Kenya drilling, is it H2 or H3, can't quite make it out from the following.

"From a Tullow perspective, the blocks of interest in Africa Oil's resources audit are Kenya Block 10A and Kenya Block 10BB. Tullow has 50% of each."

"The prospects of immediate interest are Pai-Pai in Block 10A and North Kerio in Block 10BB. Tullow has guided that it plans drilling both prospects in H2; Africa Oil reports drilling will commence during Q3."

https://www.davy.ie/resprivate/content/articles/sptstull20110331.htm

And the African Oil Independent Resource Estimate.

http://tmx.quotemedia.com/article.php?newsid=39939902&qm_symbol=AOI:CA

fuiseog

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tournesol 1st Apr '11 2 of 6
2

Fuiseog

Good lunch?

:~))

H1 = Q1+Q2

H2 = Q3+Q4

H3 = ???

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fuiseog 1st Apr '11 3 of 6
1


No, bad week, time to wind down. -:)

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StrollingMolby 7th May '12 4 of 6
2

This sounds like a big discovery in Kenya for Tullow Oil (LON:TLW) and Africa Oil Corp (TSX:AOI).

http://www.tullowoil.com/index.asp?pageid=137&category=&year=Latest&month=&tags=&newsid=758

7 May 2012

Ngamia-1 well in Kenya Rift Basin discovers further oil

Tullow Oil plc (Tullow) announces that the Ngamia-1 exploration well onshore Kenya in Block 10BB has now been drilled to an intermediate depth of 1,515 metres and the total net oil pay encountered so far has increased to in excess of 100 metres across multiple reservoir zones.

Following the initial announcement on 26 March 2012, that Ngamia-1 had encountered in excess of 20 metres of net oil pay, the well has now been deepened from 1,041 metres to 1,515 metres. A sidetrack was required in this section and following completion of logging and sampling in difficult hole conditions, a total pay count greater than 100 metres has now been discovered over a gross oil bearing interval of 650 metres. Oil samples with an API greater than 30 degrees have been recovered to surface from the newly drilled section with similar properties to the light waxy crude encountered in the upper reservoir zone.

The Ngamia structure is the first prospect to be tested as part of a multi-well drilling campaign in Kenya and Ethiopia. Many leads and prospects similar to Ngamia have been identified and following this discovery the outlook for further success has significantly improved. Tullow has proposed to the Government an increase in 2D seismic acquisition and the sourcing of an additional rig to increase drilling activities.

The Ngamia-1 well will continue to be drilled to a total depth of approximately 2,700 metres to explore for deeper potential. Plans are being put in place to drill stem test the well although the exact timing of this testing is yet to be decided. The Weatherford 804 rig will then move 31 kilometres to the Tullow Operated Block 13T, where the Twiga-1 (formerly known as Mbango-A) wildcat well will spud in the second half of 2012. A further rig is being sourced to drill the Tullow Operated Block 10A Paipai prospect in Marsabit County.

Tullow has a 50% operated interest in seven onshore licences in the Kenya & Ethiopia Rift Basins covering in excess of 100,000 square kilometres. The basin where the Ngamia discovery has been made is one of seven basins mapped in Tullow’s acreage and is similar in size to the Lake Albert Rift Basin in Uganda.

Tullow (50%) operates Block 10BB and is partnered by Africa Oil (50%).

Commenting today, Angus McCoss, Exploration Director, said:
"This ongoing wildcat is an excellent start to our exploration campaign. The net pay encountered so far in Ngamia-1 is more than double that encountered in any of our East African exploration wells to date. We now look forward to the drilling and evaluation of the deeper potential of this well and the acceleration of our seismic and drilling campaigns in the region."

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JPGH 7th May '12 5 of 6
1

Superb news for Tullow Oil (and even better for Africa Oil).

Maybe this is the game changer to link Uganda, South Sudan, Omo (Ethiopia) and this probable new basin around Lake Turkana.

JPGH

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Square Mile Junky 29th Jan 6 of 6
1

Fingers crossed for the Mauritania Frégate drill. Spudded August 2013 and looks like it might just have finished if marine traffic is to be believed. Given the approx $1.1M dollars per day rig hire fingers crossed...! there should be an announcement in the next few days,,,

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